⚠️What to do in this context of tensions ⁉️ - LDTP#6
Let's do the point !
Since the last update, BTC broke the imbalance area with the news between Russia and Ukraine. That unfortunate because we had a good signal in this area but news are part of the risk in strategy so let's stay focus on strategy and don't develop any kind of frustration.
I said that if the price broke the imbalance I was expecting the price to go retest the support and it's always the case. So first area of interest : the primary support line (a) around $36,000 - $35,000 ; Second area of interest : the support area $33,000 - $28,200 combined to the primary support line (b). Both of this area will probably give opportunities for long setups on short timeframes.
And here the key for me : short timeframes.
Now Russia had initiate hostilities, we will see couple of news in next hours/days/weeks which will bring some volatity and unexpected movements on market. The best way is to stay away of this timeframes which are highly influence by news and go or on shorter timeframe (less than an hour) or higher timeframe (more than daily). I will not hide that it's hard to find setups on weekly timeframe actually so that why I think the key is in lower timeframes like the accumulation of Wyckoff we had two days ago on 5 minutes timeframe. So : Wait areas that you aim for a reverse and search setups on lower timeframe with a lower exposure on your losses.
Depending on the development of the situation in Ukraine and on the stock exchanges dynamics, market will be more or less in attempt of news which will bring more volatility and changes of dynamics. Not impossible to see this conflict having a good end for bitcoin, notably if we start to see sanctions on the SWIFT system. This conflict is also an opportunity to see an accentuation in the decline of dollar which is positive for BTC and safe assest gain interest which will ask the BTC position in those.
Don't forget : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
PS : Like, follow or comment if you like, it give me some strength to continue! This idea will be probably update until I did a new idea.
Since the last update, BTC broke the imbalance area with the news between Russia and Ukraine. That unfortunate because we had a good signal in this area but news are part of the risk in strategy so let's stay focus on strategy and don't develop any kind of frustration.
I said that if the price broke the imbalance I was expecting the price to go retest the support and it's always the case. So first area of interest : the primary support line (a) around $36,000 - $35,000 ; Second area of interest : the support area $33,000 - $28,200 combined to the primary support line (b). Both of this area will probably give opportunities for long setups on short timeframes.
And here the key for me : short timeframes.
Now Russia had initiate hostilities, we will see couple of news in next hours/days/weeks which will bring some volatity and unexpected movements on market. The best way is to stay away of this timeframes which are highly influence by news and go or on shorter timeframe (less than an hour) or higher timeframe (more than daily). I will not hide that it's hard to find setups on weekly timeframe actually so that why I think the key is in lower timeframes like the accumulation of Wyckoff we had two days ago on 5 minutes timeframe. So : Wait areas that you aim for a reverse and search setups on lower timeframe with a lower exposure on your losses.
Depending on the development of the situation in Ukraine and on the stock exchanges dynamics, market will be more or less in attempt of news which will bring more volatility and changes of dynamics. Not impossible to see this conflict having a good end for bitcoin, notably if we start to see sanctions on the SWIFT system. This conflict is also an opportunity to see an accentuation in the decline of dollar which is positive for BTC and safe assest gain interest which will ask the BTC position in those.
Don't forget : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
PS : Like, follow or comment if you like, it give me some strength to continue! This idea will be probably update until I did a new idea.
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